September 17, 2012 / 9:53 AM / 5 years ago

MARKET EYE-Indian IT stocks fall on rupee worries, valuations

* Shares in Indian technology drop after the rupee 
rises to four-month highs, raising worries about the impact on
overseas profits.
* Valuations also play a role: Tata Consultancy Services
 drops 5 percent after hitting a record high of 1,439.80
rupees on Friday, when the shares had initially gained after the
Fed's new asset purchase programme.
* Infosys shares fall 2.6 percent after gaining 3
percent on Friday.

 (abhishek.vishnoi@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below